/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Transaction fees usually go over the roof because Bitcoin’s block space limited. A Bitcoin block can only accommodate transactions worth of 1 MB per 10 minutes, and that’s why each byte on this 1 MB block is a premium place to be. Nevertheless, the Bitcoin transaction fee is an incentive for miners to create new blocks. Without the transaction fee, only the block fee would be charged on a transaction. How is a Bitcoin transaction fee incurred? The demand for Bitcoin also determines the fees. Because Bitcoin transactions accumulate in 1-megabyte blocks, there is space for ... Predicting bitcoin fees for transactions. Fees are displayed in Satoshis/byte of data. Miners usually include transactions with the highest fees first. Average transaction fee: $0.48 (1 input, 2 outputs, SegWit, 1 hour conf. time.) Bitcoin Fee Estimator / Calculator. BitcoinFees is a simple and very accurate Bitcoin fee estimator. The tool is displaying a chart of current mempool transactions ordered by fee value. In July 2010, Bitcoin developer Gavin Andresen has highlighted a source code rule that imposed a 0.01 BTC minimum transaction fee. At today’s market valuation of bitcoin (approximately $10.000), the transaction cost would be $100.
MASSIVE $633,535,330 BITCOIN TRANSACTION! Guess The FEE? BTC Outperforms STOCKS!
What is a Bitcoin transaction fee? Who does it go to? How is it calculated? Why have fees been going up lately? This week I answer all these questions and mo... Bitcoin transaction fees EXPLAINED! Why are they so high? - Duration: 6:33. sunny decree 25,596 views. 6:33. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48. Now the Winmax Miner - Alpha Version is out. You don't need to pay any mining fees or premium key account and it goes for a cool $300.00 USD Use this softwar... Roger Ver Is Pissed About Bitcoin Transaction Fees And He's Not Going To Take It Anymore! - Duration: 24:46. TheAnarchast 28,915 views. 24:46. Support our channel by using the Brave browser, browse up to 3 times faster, no ads, get rewarded for browsing: http://bit.ly/35vHo0M This is a complete begi...